Salarpuria Sattva Employs Native Labours to Keep the Construction Momentum On

In a bid to reiterate its commitment towards quality construction and on-time project handovers, Salarpuria Sattva Group, employed 600+ native labourers’ at their projects across Karnataka to boost the real estate sector, during this COVID breakout. This will not only help in continuum of production, investment, labour and native supply chains in the state, but it will also be instrumental in revival of the real estate sector, sooner than anticipated.

With millions of workers migrating to their hometowns, continuing the momentum at the construction sites has been a constant challenge for the developers. In a grim scenario like this, while Govt. is taking measures to uplift the present economic situation, companies across industries will have to be proactive and  self-sufficient.

Being at the forefront of the real estate industry, Salarpuria Sattva, decided to tap into the indigenous manpower of Karnataka and neighbouring states, by employing labour in the construction sites across their projects.

Commenting on the same, Mr. Bijay Agarwal, MD, Salarpuria Sattva, said, “The pandemic has impacted industries across every domain including real estate. Amidst this major economic slowdown, we feel that the need of the hour should be employment and demand generation. Therefore, we have decided to take charge of the situation and empower our indigenous manpower in order to narrow the project delivery margin as much as possible. We hope this will not only help us in handing over projects on time, but also will help ease the labour shortage in Karnataka and neighbouring states, and help them to survive during this unprecedented time.”

This labour clutter has been divided into different sets, basis their skills in masonry, carpentry and interiors. Considering the present situation, the company is prioritizing projects and engaging native labour for completion and handover. All proactive safety measures like screening, sanitization, social distancing etc., are undertaken at sites for the safety of the workers.

About Salarpuria Sattva Group:

Present over the past 3 decades, Salarpuria Sattva Group has grown into one of the most trusted builders in the country today. Headquartered in Bengaluru, India, it also a well-known name in Hyderabad, Kolkata, Pune, Coimbatore, Jaipur and Goa. The Group will soon be expanding its presence in Mumbai. With 48 million sq.ft spaces completed consisting of world class commercial spaces, cutting edge tech parks and elegant residences, 36 million sq.ft under construction and 32 million sq.ft in the planning stage, Group is one of the leading developers in India today. Salarpuria Sattva’s flagship commercial project and Asia’s Best IT Tech Park- Knowledge City is located in Hitec City, Hyderabad. The Group’s other cutting edge upcoming projects in Hyderabad include: Knowledge Capital, Knowledge Park and Image Towers (a unique project for gaming and animation industry with world class facilities, in P.P.P model with Telangana State  and industrial infrastructure corporation). By further expanding into various ventures such as co-working, co-living, education, aerospace, embedded technology, hotels, facilities management and warehousing, the Group today stands tall as a frontrunner, shaping India’s growth story. The Group’s unwavering adherence to quality has given it the “trusted” tag among builders in the country, renowned for its “A Stable” CRISIL rating.

VN Finance Announces Small Ticket Loans – ‘Shramik Loan’ and ‘Rozgar Loan’ for Migrant Workers and Financially Excluded

Small Loans 

* 24X7 service; Within 1-day loan disbursal; minimal no of documents

* Funds even for those who cannot provide security or existing assets

In sync with the Prime Minister and RBI Governor’s clarion call to provide credit/ loans to the financially excluded and the unbanked, VN Finance, a tech-enabled NBFC, has announced small ticket loan offerings – ‘Shramik Loan’ and ‘Rozgar Loan’ for migrant workers and financially excluded small business men and women on the eve of Independence Day 2020. In the aftermath of Covid-19 and the problems faced by lakhs of people, VN Finance's approach is to deploy 24X7 service and disburse loans within a day with the least number of documents and hassle-free interaction using technology.

The ticket size of the loan starts from Rs. 25,000 onwards. Those people, who need unsecured loans and have no security or no existing assets, can directly (or through intermediaries) approach VN Finance and share their creditworthiness and repayment capacity. They will get the funds at the best of terms to achieve their dreams.

VN Finance also offers Secured Loans such as Loan Against Property, Loans against Gold Jewellery and Loans against Inventories. Every business needs ongoing working capital and this requirement keeps increasing with the growth of business. VN Finance's professional team fully understands business needs and provides funding against the goods and inventories already lying in the shops/godown. The small business owner just needs to furnish the inventory list, its value and their needs.

Mohit Kakkad, Director & Founder, VN Finance, said, “We stand committed to our vision of changing the society by helping people to follow the dreams by easy and quick financing. We are focusing on the segments who cannot afford to wait and cannot meet or understand the complex and time-consuming processes of conventional lenders. We work tirelessly to develop delivery mechanisms with technology to make our disbursal process easy, efficient and widespread. We plan to expand aggressively in Mumbai MMR region, Maharashtra State and gradually across India.”

VN Finance is also developing a network of banking intermediaries, Self-Help Groups (SHGs), NGOs and correspondents who can help facilitate credit to migrant workers, unbanked and financially deprived business men and women. Since the target segment is not necessarily highly literate and educated in technology, VN Finance is using technology to help them and the financial intermediaries in the easiest of ways.

Mohit Kakkad firmly believes that if India has to achieve financial inclusion in the true sense, NBFCs such as VN Finance have to play a significant role in enhancing financial literacy, seeking minimal collateral, shorter processing time and building distribution network while grappling with lack of credit history, absence of formal identity, cyclical income and paper work.

The Union Government and regulators have taken various initiatives such as Basic savings bank deposit account (BSBDA), Lead banking scheme (LBS), Pradhan Mantri Jan Dhan Yojana (PMJDY) and set up payments’ infrastructure like BHIM, UPI, DBT to jumpstart the process of financial inclusion. The Reserve Bank of India (RBI) in its National Strategy for Financial Inclusion 2019-24, announced that public credit registry has to be made fully operational by March 2022 so that authorised financial entities can leverage the same for assessing credit proposals. NBFCs can also access and analyze data from Google Pay, Walmart-owned PhonePe and Whatsapp Pay (to launch soon).

About VN Finance

VN Finance Pvt. Ltd. (VNF) is an innovative financial company Incorporated in March 2019 as a Non-Deposit taking NBFC (ND). The company is founded by 31-year old Mohit Kakkad with a vision to use technology to provide finance to hitherto unbanked section of society. The company is mainly engaged is providing the small and medium size ticket loans on secured and unsecured basis. Unsecured loans are being provided based on creditworthiness and repayment capacity of the borrowers. The senior management of the company consists of senior leaders from banking industry and mentored by some of the highly qualified professionals. VN Finance has put in place an interest rate policy, adopted by the Board, taking into account relevant factors such as, cost of funds, margin and risk premium, etc and determine the rate of interest to be charged for loans. It has a robust KYV Policy, Fair Practices Code and Corporate Governance Policy.

Zendesk Commended by Frost & Sullivan for Its Customer-focused Sales Force Automation Solution

Based on its recent analysis of the North American small and mid-sized business (SMB) mobile worker apps market, Frost & Sullivan recognizes Zendesk with the 2020 North American Product Leadership Award for its Sell sales force automation (SFA) solution. The solution stands out for its ease of use, affordable pricing, creative bundling, ongoing support, and emphasis on the customer experience.

“Zendesk Sell is tailored to the needs of SMBs and offers a tiered selection of capabilities. Unlike legacy sales management tools, it supports an omnichannel strategy; provides an easy-to-use, mobile-first experience; and prioritizes integration with both internal company systems and external services,” said Jeanine Sterling, Frost & Sullivan Industry Director. “Significantly, Zendesk is able to leverage the product usage data from over 40,000 Zendesk customers and combine it with information from its Zendesk Customer Experience Trends Report for well-rounded insights regarding customer needs.”

Zendesk Sell is available as a standalone offering and as a part of a competitively priced bundle called the Sales Suite. This bundle includes the Zendesk Sell, Chat, Reach, and Voice, which are core tools used by sales representatives to prospect, communicate, and sell. Zendesk Sell is available in a cloud-based as-a-service format, and its subscription pricing model makes it affordable to smaller businesses and allows customers to scale the solution easily.

The company is looking to make the most of its rising brand awareness with creative go-to-market strategies that target existing Zendesk users that need SFA software and value the integration of Sell with other Zendesk products and that target new prospects that are searching for SFA software that is powerful yet easy to use and affordable. These two strategies can potentially tap customer segments that are new to SFA and either seeking to upgrade to a more advanced SFA or replace a legacy or homegrown product.

“The SMB mobile worker applications sector is expected to continue growing, and mobilized SFA solutions, such as Sell, will be key contributors to this trend. The company also continues to forge technology and reseller partnerships, thereby building an ecosystem of apps and alternate channels that open up new global markets,” noted Sterling. “As Zendesk expands into the enterprise sector, its Sell offering and tiered plans will continue to offer SMBs flexibility, scalability, integrations, and the capabilities that smaller businesses need to succeed.”

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. The award recognizes the quality of the solution and the customer value enhancements it enables.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

Agilent to layoff 2,700

Agilent Technologies Inc said it will lay off 2,700 workers and halt share buybacks as the scientific-instrument maker struggles with a huge drop in demand.

The company expects revenue in its electronic-measurement segment to drop 30 per cent in fiscal 2009 -- the lowest level in its 10-year history.

Revenue in its chip and board test segment is expected to fall 50 per cent from the 2008 level, and 65 per cent from its peak volume.

Agilent is cutting annual costs by $300 million in its electronic-measurement segment and by $10 million in its chip and board test segment.

The company will also suspend share buybacks for the rest of its fiscal year, which ends in October.

The 2,700 layoffs bring the number of employees who have been laid off since December 2008 to 3,800, spokeswoman Amy Flores said, marking a 20 per cent cut in workers since the end of last year.

The moves entail cash costs of about $160 million. “Business remains severely depressed, and there are no prospects for a meaningful recovery in the foreseeable future,'' Chief Executive Bill Sullivan, said in a statement released by the company.

Agencies

Sony freezes salaries, compensations, hikes of employees'

Sony Corp has decided to freeze its workers' salaries for the year starting in April to improve profitability, the financial daily Nikkei said in its Thursday edition.

The paper said workers' bonuses will also be lowered to four months' pay from six months, and annual compensation for managers will be dropped 10 to 20 per cent through wage cuts and 35 to 40 per cent bonus reductions.

"Executives will also be slugged with huge cuts to bonuses and salaries," Nikkei said. Due to the global economic downtown and the strength of the yen, Sony is expected to report a group operating loss of 260 billion yen ($2.65 billion) for the year ending March 31, the paper said.

Agencies

Has AIG bonus outrage gives employees a fear?

The bonuses paid to AIG executives have turned pillars of a Connecticut community into pariahs and have workers fearing for their safety.

An executive who feared retribution and spoke Friday on condition of anonymity says AIG workers in ritzy Fairfield County are ``very, very nervous'' about security.

AIG's financial products division is in nearby Wilton. Corporate officials have told employees to avoid sporting the company logo and to travel in pairs at night.

Activists plan to visit the homes of AIG executives Saturday in an attempt to deliver letters highlighting the economic problems of ordinary Americans.

Security companies say the financial crisis is creating brisk business in everything from bomb-sniffing dogs to bodyguards.

Agencies

Is Delphi preparing to layoff about 800 workers?

Nearly 800 jobs are being eliminated at the steering division of Delphi near Saginaw, Michigan. The cuts are hitting 425 hourly workers and 350 employees who are on salary. The layoffs were announced on Monday at the Delphi complex in Buena Vista Township and will kick in March 1.

Mike Hanley, president of United Auto Workers Local 699, says the news was anticipated. Delphi has had temporary furloughs since the start of the year.

Hanley tells The Saginaw News blue-collar workers who volunteer to leave will get severance.

Agencies

Is California to layoff 20,000 state jobs?

California, which is on the brink of running out of cash, will notify 20,000 state workers on Tuesday their jobs may be eliminated, a spokesman for Governor Arnold Schwarzenegger said on Monday.

The announcement came a day after California lawmakers narrowly failed to pass a $40 billion budget that would have plugged the state's deficit with a mix of tax hikes and spending cuts.

"In the absence of a budget, the governor has a responsibility to realize state savings any way he can," said Aaron McLear, a spokesman for the Republican governor. "This is unfortunately a necessary decision."

The layoff notices will affect about 20 percent of state workers, McLear said, adding the cuts would extend to every part of state government.

The positions would be eliminated in June in preparation for California's next fiscal year, which starts in July.

California, America's most populous state and the world's eighth biggest economy, has experienced a dramatic fall in revenues because of the housing downturn, rising unemployment and a sharp pullback in consumer spending.

To conserve cash, the state has stopped public works projects, furloughed state employees for two days a month and postponed sending out tax refunds.

Agencies

Will BMW layoff 850 workers at UK Mini plant?

BMW said on Monday that it will lay off 850 workers at its British factory which builds the Mini car to adjust to weaker demand.

The job cuts are the result of a review of operations at the factory in Cowley, near Oxford, where production will be suspended throughout this week and staff who currently work weekend shifts will be moved to weekday work, effective March 2.

BMW has 4,700 workers at Cowley, which can turn out 800 cars per day.

``While Mini has been weathering the economic downturn, it is not immune from the challenges of the current situation,'' BMW said in a statement.

``Against this backdrop the company felt that a review of its shift patterns was necessary. This decision has not been taken lightly. The plant's union representatives have, of course, been involved in the discussions.''

BMW reported earlier this month that sales of the Mini model rose 4.3 percent in 2008 to 232,425 cars. Overall, the company said sales dropped 5 percent across its product range.

In January, however, Mini sales were down 35 percent compared to January 2008. About 80 percent of the Minis built in Britain are exported.

Auto sales in Britain fell sharply at the end of the year because of the recession. Nissan has cut 1,200 jobs at its plant in Sunderland, England, while Honda has halted production at its Swindon plant for four months.

``Sacking an entire shift like this, and targeting agency workers who have no rights to redundancy pay, is blatant opportunism on BMW's part and nothing short of scandalous,'' said Tony Woodley, joint leader of the Unite union.

``BMW's parent company couldn't attempt this in Germany because it would be illegal to do so. It is a disgrace, therefore, that workers in this country can be so casually thrown to the dole.''

BMW acquired the Mini, a symbol of the swinging 1960s, when it bought the Rover car company in 1994.

Agencies

6,000 workers lose jobs everyday in Mexico

Nearly 6,000 workers lose their jobs daily, which has been happening since November 1, 2008, a report of the Mexico Social Welfare Institute (IMSS) has revealed.

Updated statistics that recently reported an increasing unemployment rate in the last quarter of 2008 of half a million jobs, now pointed out that a higher figure remained in the period of November-January.

The research indicated that only in the big cities 128,122 jobs have been lost last January while the current world economic crisis also had a deep impact on this field, mainly for casual day labourers.

According to the source the company that left more quantity of jobless was CEMEX, considered one of the most important cement producing company of the world, cutting 18,786 jobs.

Agencies

One in four US companies plan salary freeze

About a quarter of businesses in America have frozen workers' salaries for 2009 in the wake of a pessimistic economic outlook, according to a new survey.

Outsourcing and consulting firm Mercer in a survey released Monday said 25 percent of organizations surveyed said they have already decided not to raise their employees' pay, and another 20 percent are considering a salary freeze this year.

A year ago, just 5 percent of companies planned to suspend raises for their staff. Mercer predicted that one in three companies will have frozen wages at 2008 levels by the end of 2009.

"It's not an easy message to communicate to employees, but we think managers will be aided by the unprecedented context of these difficult decisions - including low inflation and high unemployment," said Steve Gross of Mercer.

Those companies that plan on offering raises to their employees will give smaller-than-expected pay increases, Mercer said. The average expected salary bump at those businesses was just 3.2 percent, down from a planned 3.6 percent according to an October study.

The news comes as many employers are opting to slash jobs rather than reduce or freeze pay. Announced layoffs so far this year have already topped 300,000, and the Labour Department reported Friday that employers slashed 598,000 jobs in January - the single highest monthly job-loss total since December 1974.

Mercer also reported that executives are far less likely to get a salary increase than other employees in 2009. According to the survey, just 61 percent of companies are planning to raise their executives' pay, and 77 percent of respondents plan to decrease the level of executive compensation from their October projections.

Only 69 percent of employers plan to raise salaries for employees in managerial positions.

"Given lacklustre corporate performance and recent pressure from regulators, shareholders and the president (Barack Obama), it's not surprising to see that over the past few months, more than one-third of participants who reported executive salary data went from a 2009 planned base-salary increase for their executives to a freeze," said Gross.

Agencies

Will Glaxo SmithKline layoff 6,000 workers?

Glaxo SmithKline, Britain's biggest pharmaceuticals company, plans to axe around 6,000 jobs around the world as it faces up to the growing challenges in the industry, a media report said.

The cuts are expected to include hundreds of British jobs, The Sunday Telegraph claimed.

"Competition from generic manufacturers and doubts about company's (product) pipelines are posing a serious threat to the sector and, ING analysts warned of an intellectual property meltdown as top-selling products come off patent and sales slow dramatically", the newspaper stated.

The pharma major's British rival, Astra-Zeneca, told the newspaper that it would cut 15,000 staff by 2013, 6,000 more than earlier stated, while industry leader Pfizer has acquired US rival Wyeth for $68 bn as it seeks to secure its future.

Glaxo SmithKline, the world's second biggest drugs company behind Pfizer, employs about 1,00,000 people and, although yet to be confirmed, a proportion of the cuts are almost certain to be among its 18,000 staff at sites across the UK, which would strike another blow to the battered economy, the report said.

Agencies

IBM plans to open Iowa centre; To create 1,300 jobs

IBM, the world's largest technology services company, plans to open a new computer support center in Iowa, creating up to 1,300 new jobs and defying a trend of widespread corporate layoffs.

The Dubuque facility in a 10-story office building once occupied by now-defunct retailer Roshek's Department Store, will create jobs for high-tech workers at a time when many technology companies are cutting staff.

Workers will provide security services and remote support to IBM customers, helping to maintain computers and software systems primarily located in the United States, IBM said.

International Business Machines Corp said it plans to employ several hundred people in the facility by the end of this year, following renovations to the top eight floors of the building that it will occupy to make it more energy efficient.

By the end of next year, as many as 1,300 IBM employees will work in the building built in the 1930s, IBM said.

On Tuesday, IBM announced plans to work with Michigan State University to build a software development center in East Lansing, Michigan, that will create up to 1,500 jobs over the next five years.

Agencies

Asian tech firms force workers to take leave

When the global recession began to take a toll on high-tech manufacturers in Taiwan, the factories gave their workers a vacation that many would have just as soon skipped.

Putting workers on forced unpaid leave, often for one or more days a week, is a tactic being adopted around the world as firms seek to cut costs and keep skilled workers on the payroll, even if there is little work to do, so that they will have resources when orders pick up.

“When an economic downturn begins to take hold, employers knee-jerk into making dramatic changes,’’ said Darryl Green, president of Asia Pacific for human resources firm Manpower.

“But there are employers who will stop at nothing to try to retain their valuable workforce. These employers — often in the manufacturing sector where skills are hard to come by — consider innovative alternatives such as shorter working weeks and short-term shut-downs.’’

Employment specialists say the phenomenon is not unique to Taiwan, and is used more broadly by manufacturers in cyclical industries, ranging from electronics makers in South Korea, to car makers in Britain, and manufacturers in Germany.

In Taiwan, the trend of forcing workers to take leave without pay, euphemistically called “unpaid vacation’’ in Chinese, began in the memory chip sector which experienced its worst-ever slump throughout most of 2008.

From there this cost savings measure has quietly spread to other key sectors such as LCD manufacturing and other chips.

In one of the clearest and most sobering signs of the times, TSMC, the world’s biggest contract chipmaker and one of Taiwan’s most profitable tech firms, said this month it will roll out its own forced leave without pay system in 2009. TSMC’s main rival, UMC, is taking similar measures.

Taiwan makes 70 per cent of the world’s made-to-order chips which are used in everything from computers to cell phones and MP3 players. TSMC and UMC, which are the biggest players in Taiwan, saw their collective sales plunge 35 percent in November from a year before, with TSMC posting its worst monthly sales in 3-years.

TSMC laid down the cold reality of its situation to employees in a December 3 letter from CEO Rick Tsai, who said he feared the current economic downturn could last for a “fairly long time.’’

“The company must do its utmost to lower costs,’’ Tsai wrote. “At the same time, we will also do all we can to protect employees’ jobs. Under these circumstances manufacturing departments have decided to take a certain amount of unpaid furlough in December. All other departments will begin to do the same on January 1.”

Sources: Agencies

Asian tech firms force workers to take leave

When the global recession began to take a toll on high-tech manufacturers in Taiwan, the factories gave their workers a vacation that many would have just as soon skipped.

Putting workers on forced unpaid leave, often for one or more days a week, is a tactic being adopted around the world as firms seek to cut costs and keep skilled workers on the payroll, even if there is little work to do, so that they will have resources when orders pick up.

“When an economic downturn begins to take hold, employers knee-jerk into making dramatic changes,’’ said Darryl Green, president of Asia Pacific for human resources firm Manpower.

“But there are employers who will stop at nothing to try to retain their valuable workforce. These employers — often in the manufacturing sector where skills are hard to come by — consider innovative alternatives such as shorter working weeks and short-term shut-downs.’’

Employment specialists say the phenomenon is not unique to Taiwan, and is used more broadly by manufacturers in cyclical industries, ranging from electronics makers in South Korea, to car makers in Britain, and manufacturers in Germany.

In Taiwan, the trend of forcing workers to take leave without pay, euphemistically called “unpaid vacation’’ in Chinese, began in the memory chip sector which experienced its worst-ever slump throughout most of 2008.

From there this cost savings measure has quietly spread to other key sectors such as LCD manufacturing and other chips.

In one of the clearest and most sobering signs of the times, TSMC, the world’s biggest contract chipmaker and one of Taiwan’s most profitable tech firms, said this month it will roll out its own forced leave without pay system in 2009. TSMC’s main rival, UMC, is taking similar measures.

Taiwan makes 70 per cent of the world’s made-to-order chips which are used in everything from computers to cell phones and MP3 players. TSMC and UMC, which are the biggest players in Taiwan, saw their collective sales plunge 35 percent in November from a year before, with TSMC posting its worst monthly sales in 3-years.

TSMC laid down the cold reality of its situation to employees in a December 3 letter from CEO Rick Tsai, who said he feared the current economic downturn could last for a “fairly long time.’’

“The company must do its utmost to lower costs,’’ Tsai wrote. “At the same time, we will also do all we can to protect employees’ jobs. Under these circumstances manufacturing departments have decided to take a certain amount of unpaid furlough in December. All other departments will begin to do the same on January 1.”

Sources: Agencies

Severe shortage; Canada woos skilled Indian workers!

Here's good news for engineers, technicians and other skilled workers wanting to work abroad. Canada is trying to attract young talent from countries like India by relaxing norms for visas in this category, says a Canadian immigration expert.

'There is an acute shortage of skilled workers in Canada and the situation will worsen in the next 5-10 years unless the government makes an effort to attract talent from a young country like India,' said Curtis Panke, director of global operations for the Ontario-based Global Placement Services.

Pointing out that the retirement age for most occupations in Canada is 55 years, he said in the next five years, more than 20 percent of the country's engineers, doctors, professors and geologists would retire.

'This huge void cannot be filled with domestic talent alone. If we do not attract the talent from outside, there will be a talent vacuum of up to 70 percent in the next 10 to 15 years,' Panke told the media.

Keeping all this in mind, he said, the Canadian government has made vital changes in its immigration policy and relaxed certain norms for a Canadian visa in the skilled worker category.
The latest fast track processing of visa applications in the federal skilled worker category ensures a Canadian visa in a shorter period of just 6-12 months, pointed out Panke.

The Canadian government has issued a list of 38 high-demand occupational categories, including health, finance, engineers, heavy-duty mechanics, industrial technicians, food service managers and other skilled trades.

Panke is in Punjab to gauge the talent pool available and to conduct seminars all over the state in collaboration with the city-based World Wide Immigration Consultancy Services (WWICS), which has sent over 60,000 families and around 250,000 individuals to Canada till date.

'There are thousands of Punjabis in Canada, who are doing extremely well in their professions and contributing to the country's economy. Comparatively, we have more applicants from this region if we compare it with other states in India,' stated Panke.

Asked about the impact of global recession on the Canadian economy, Panke said a majority of the organisations and companies there would be unaffected in the long run. 'There is some impact but all this is a temporary phase and will pass very soon. Moreover, there is no impact on the openings available under skilled category there and Canada is looking forward to employ skilled workers in a big way.'

Talking about Canada's federal investor category for permanent residency in the country, Lt Col (retd) B.S. Sandhu, chief managing director of WWICS, said: 'An investor is only needed to invest Rs.5 million in some flourishing trade in Canada and can relocate there under the Canadian Investor Program.'

The applicant, under this category, only needs to have a work experience of two years and no language proficiency test like IELTS is required, he added.

Source: Agencies